HIGHLIGHTS IN Q1 2014 - GROUP LEVEL (I) MEASURES TAKEN FOR STABLE AND PROFITABLE GROWTH AT HANYTANGEN Yard facilities at Hanytangen upgraded; new project offices with 150 workspaces ready in January, maintenance and upgrade of the…
HIGHLIGHTS IN Q1 2014 - GROUP LEVEL (II) SIGNIFICANT REDUCTION IN SHIPBUILDING EXPOSURE Two shipbuilding contracts sold to external company. Successful delivery of the second cruise ferry. Positive EBITDA for the shipbuilding…
AGENDA Highlights in Q1 14 Financial and operational review CFO Henning Nordgulen Bergen Group going forward 7
INCOME STATEMENT Q1 2014 Condensed consolidated interim statement of income Figures in TNOK Q1 2014 Q1 2013 31.12.2013 31.12.2012 Operating revenues 584 851 498 413 3 059 807 1 978 092 Cost of goods sold 345 030 299 219 2 348 843 1 735…
QUARTERLY DEVELOPMENT - REVENUES Comparative figures have been restated and do not include Rosenberg (sold in Q1 2013). 9
QUARTERLY DEVELOPMENT - EBITDA * Negative One-off effect of NOK 5 million in Q1 (BG AMIA) 10
QUARTERLY DEVELOPMENT - REVENUES / EBITDA 11
CASH FLOW Condensed consolidated interim statement of cash flow Figures in TNOK Q1 2014 Q1 2013 31.12.2013 31.12.2012 Profit before tax (continued and discontinued operations) (9 841) 200 525 (131 512) (954 588) Depreciation and…
BALANCE AND LIQUIDITY Balance sheet: As at 31 December 2013: NOK 2 342 million As at 31 March 2014: NOK 1 891 million Equity March 31st 2014: NOK 558 million (29,5%) Net interest bearing debt : As at 31 March 2014 for continued…
AGENDA Highlights in Q1 14 Financial and operational review Bergen Group going forward CEO Asle Solheim 14
BERGEN GROUP AND THE WAY FORWARD MANAGING DIRECTOR ACCOUNTING/ HR / OTHER QHSE SALE/MARKET CONTROLLER Subsea & De- Technical / Fabrication Yard and Rig Maritime engineering Offshore commisi- service logistics resource…
BERGEN GROUP AND THE WAY FORWARD Rig service: Project-oriented partnership with national and international players in process of beeing established Upgraded dry dock facility has already generated tender requests Maritime Service…
THE RIG MARKET STILL WITH LARGE POTENTIAL Preparation for the NCS New rigs and offshore units built abroad requires to be mobilised for the Norwegian sector Conversion projects Brownfield-projects Demanding maintenance and…
MARITIME SERVICE Long term contracts focusing complex maritime service The Norwegian Armed Forces Norwegian Society for Sea Rescue Passenger boats Subsea support vessels Large area/berth available Maintenance Frigate…
SUBSEA & OFFSHORE SERVICE Contracts awarded Technip Statoil Prefabrications and partial deliveries Already established supplier Capacity and competence to be further developed New opportunities with new factory hall Service…
DECOMMISIONING LARGE GROWTH POTENTIAL Environmentally friendly facilities Dry docking of installations due for disassembly Large dock and storage facilities upgraded and prepared for DeCom- projects Knowledge and competence in…
IR AND MEDIA CONTACTS CEO Asle Solheim tel. (+47) 993 28 465 asle.solheimbergengroup.no CFO Henning Nordgulen tel. (+47) 952 65 990 henning.nordgulenbergengroup.no SVP Communication yvind Risnes (media), tel. (+47) 480 48…
BERGEN GROUP QUALITY THROUGH SERVICE AND INNOVATION THANK YOU FOR YOUR ATTENTION www.bergengroup.no 22
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